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Calls for James Murdoch to exit News Corp board following BskyB resignation

London, Thu, 05 Apr 2012 ANI

London, Apr 5 (ANI): A powerful American institutional investor has called on James Murdoch to follow-up his resignation from the post of chairman of BSkyB, and step down from the board of News Corporation.

Julie Tanner of Christian Brothers Investment Services (CBIS), which owns shares in News Corp, said that they hope 'the same rationale that led to the announcement of James Murdoch's resignation from BSkyB will carry through to News Corp'.

"Truly independent board members would be a major step toward restoring investor confidence," The Telegraph quoted Tanner, as saying.

Murdoch's decision to relinquish the chairmanship of Britain's biggest pay-TV company will shift the focus to his membership of the board of News Corp, which owns a 39 percent stake in BSkyB.

The call from CBIS follows its move last month to table a resolution to strip media tycoon Rupert Murdoch of the dual role of chairman and chief executive at News Corp.

According to the paper, Tanner urged News Corp to act on the request before the company's shareholder meeting in October.

Murdoch recently stepped down from his role at BSkyB ahead of what is expected to be a critical report by the Culture, Media and Sport Select Committee into allegations of phone hacking at the now defunct News of the World newspaper.

He said he did not want Sky's interests to be 'undermined by matters outside the scope of this company'. (ANI)

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